Changzhou Evergreen Technology Co (SZSE:001324) ROCE % : 5.68% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Changzhou Evergreen Technology Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Changzhou Evergreen Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.68%.

Changzhou Evergreen Technology Co ROCE % Historical Data

The historical data trend for Changzhou Evergreen Technology Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Changzhou Evergreen Technology Co ROCE % Chart

Changzhou Evergreen Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

26.77

25.18

15.71

13.84

10.09

Changzhou Evergreen Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									12.13	11.69	10.01	4.68	5.68

Changzhou Evergreen Technology Co ROCE % Calculation

Changzhou Evergreen Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	80.169	/	( ( (737.86 - 245.893)	+	(1354.732 - 257.354) )	/ 2 )
	=	80.169	/	( (491.967	+	1097.378)	/ 2 )
	=	80.169	/	794.6725
	=	10.09 %

Changzhou Evergreen Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	61.984	/	( ( (1354.732 - 257.354)	+	(1295.257 - 208.322) )	/ 2 )
	=	61.984	/	( ( 1097.378	+	1086.935 )	/ 2 )
	=	61.984	/	1092.1565
	=	5.68 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Changzhou Evergreen Technology Co (SZSE:001324) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Changzhou Evergreen Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Changzhou Evergreen Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Changzhou Evergreen Technology Co (SZSE:001324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changzhou Evergreen Technology Co Ltd (SZSE:001324) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 300, Hehai West Road, Xinbei District, Jiangsu, Changzhou, CHN, 213125

Website

https://www.cetrail.com

Changzhou Evergreen Technology Co Ltd is a high-tech enterprise based on the development and application of sandwich composite materials, mainly providing supporting products and integrated solutions for the interior decoration of rail transit vehicles and building interior and exterior decoration. The company has participated in the formulation of many national and industry standards such as aluminum honeycomb panels and stone honeycomb panels, creating Many industry-leading application cases are the leading enterprises in the development and industrial application of sandwich composite materials in China.

Changzhou Evergreen Technology Co (SZSE:001324) Headlines

No Headlines